Palantir Technologies Inc. $PLTR Stake Lifted by Western Financial Corp CA

Western Financial Corp CA raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1,746.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 46,609 shares of the company’s stock after purchasing an additional 44,085 shares during the period. Palantir Technologies accounts for about 2.8% of Western Financial Corp CA’s portfolio, making the stock its 4th largest position. Western Financial Corp CA’s holdings in Palantir Technologies were worth $8,718,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Ring Mountain Capital LLC lifted its position in shares of Palantir Technologies by 1.0% in the 3rd quarter. Ring Mountain Capital LLC now owns 5,931 shares of the company’s stock worth $1,109,000 after purchasing an additional 60 shares during the period. BCGM Wealth Management LLC boosted its stake in shares of Palantir Technologies by 2.0% during the second quarter. BCGM Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $374,000 after purchasing an additional 64 shares in the last quarter. JDM Financial Group LLC increased its holdings in Palantir Technologies by 20.9% during the second quarter. JDM Financial Group LLC now owns 388 shares of the company’s stock valued at $45,000 after buying an additional 67 shares during the period. LifeSteps Financial Inc. increased its holdings in Palantir Technologies by 4.9% during the first quarter. LifeSteps Financial Inc. now owns 1,482 shares of the company’s stock valued at $217,000 after buying an additional 69 shares during the period. Finally, IFC & Insurance Marketing Inc. increased its holdings in Palantir Technologies by 4.0% during the first quarter. IFC & Insurance Marketing Inc. now owns 1,806 shares of the company’s stock valued at $264,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,250 shares of Palantir Technologies stock in a transaction on Friday, August 21st. The shares were sold at an average price of $174.29, for a total value of $217,862.50. Following the transaction, the insider directly owned 56,921 shares of the company’s stock, valued at approximately $9,920,761.09. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander Karp sold 492,348 shares of Palantir Technologies stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $174.79, for a total transaction of $86,057,506.92. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,124,294,375.82. This represents a 7.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 560,390 shares of company stock valued at $97,909,177 over the last quarter. Insiders own 9.53% of the company’s stock.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Goldman Sachs upgraded Palantir Technologies from Neutral to Buy, adding to a series of increasingly favorable analyst actions and reinforcing confidence in the company’s AI-driven growth outlook. Goldman Sachs upgrade
• Positive Sentiment: Palantir’s Artificial Intelligence Platform (AIP) continues to drive strong U.S. commercial demand, with rising revenue and contract values supporting the view that enterprise AI adoption could fuel further growth. The company’s latest quarter featured 92.8% year-over-year revenue growth and earnings that exceeded estimates. AIP commercial growth
• Positive Sentiment: The Regna AI venture with Ondas could broaden Palantir’s sovereign-AI and defense opportunity. The partnership is aimed at military and mission-critical uses, including drones, surveillance systems and unmanned vehicles. Regna AI opportunity
• Neutral Sentiment: Palantir and London Mayor Sadiq Khan dropped their legal dispute over a proposed £50 million Metropolitan Police contract. Ending the litigation removes an uncertainty, although the reports do not indicate that the contract will proceed. London police contract dispute
• Negative Sentiment: Valuation concerns are weighing on the shares after a roughly 16% monthly advance. Commentators note that Palantir’s exceptional growth and profitability are already reflected in a very demanding valuation, leaving limited room for slower growth or disappointing guidance. Palantir valuation analysis
• Negative Sentiment: Investors are also positioning cautiously ahead of the company’s expected November 2 earnings report. Palantir has recorded nine consecutive earnings beats, but that streak and the recent rally have raised expectations and increased the risk of a sell-the-news reaction. Upcoming earnings expectations
• Negative Sentiment: Insider-selling reports added modest pressure to sentiment. Director Lauren Friedman Stat sold shares worth approximately $1.0 million, while another insider sold 18,000 shares for about $3.6 million; both transactions were made under pre-arranged Rule 10b5-1 plans. Palantir insider sales
• Negative Sentiment: Michael Burry’s bearish positioning in Palantir highlights broader concerns that AI enthusiasm may have pushed some technology stocks beyond reasonable cash-flow expectations. Michael Burry bearish view

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $200.97 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $106.37 and a fifty-two week high of $212.94. The stock has a market capitalization of $482.94 billion, a P/E ratio of 171.77, a P/E/G ratio of 2.87 and a beta of 1.60. The company’s 50-day simple moving average is $181.44 and its 200-day simple moving average is $151.35.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.81 billion. Palantir Technologies had a net margin of 49.01% and a return on equity of 30.57%. Palantir Technologies’s revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLTR. Jefferies Financial Group reissued an “underperform” rating and issued a $80.00 price objective on shares of Palantir Technologies in a research note on Tuesday, August 4th. UBS Group increased their target price on Palantir Technologies from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Raymond James Financial upgraded Palantir Technologies from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 8th. Citigroup downgraded Palantir Technologies from a “buy” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, William Blair reissued an “outperform” rating on shares of Palantir Technologies in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.54.

About Palantir Technologies

Palantir Technologies Inc (NASDAQ: PLTR) develops software platforms that help organizations integrate, analyze and act on large and complex datasets. Its principal platforms include Gotham, which is designed primarily for government and defense applications; Foundry, which supports commercial and institutional data operations; Apollo, which helps deploy and manage software across diverse environments; and the Artificial Intelligence Platform (AIP), which connects large language models and other AI tools with an organization’s data and workflows.

The company serves government agencies, defense and intelligence organizations, and commercial businesses in industries such as manufacturing, healthcare, energy and financial services.